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October 21, 2019

Third day of Gems Emporium adds pearl lots sales to 269

The uncut jade seen at the gems emporium in Nay Pyi Taw.  PHOTO: AYE THAN

The 56th Gems Emporium continued its third day yesterday and sold 91 pearl lots, combining with previous sales to make a total of 269 lots sold under the open tender system.
A total of 92 pearl lots were put up for sale through an open tender system out of which 91 were sold. Of the sold lots, all 66 Government-owned pearl lots were sold for Euro 355,739 and 25 of the 26 company-owned pearl lots sold for Euro
Likewise, on the second day of 2019 56th Gems Emporium, 178 pearl lots were reported to be sold at Euro 1.029 million. A total of 182 pearl lots were put up for sale through an open tender system on the second day of the emporium out of which 178 lots were sold. Of the sold lots, all 132 Government owned pearl lots were sold fetching Euro 719,794. There were 50 private company owned pearl lots out of which 46 were sold at Euro 389,422
The South Sea Pearls sold at the Gem Emporium are the rarest and most valuable variety in the world pearl market. Coming in gold and silver colours, the gold pearls from Myanmar are the best in terms of quality and durability, establishing its place as a popular choice in the global market.
The 56th Gems Emporium will be held till 20 March at the Mani Yadana Jade Hall and will put up 6,973 jade lots and 500 gem lots for sale.
A total of 2,859 gem merchants from China, Thailand, Australia, US and India, along with 1,531 domestic gem merchants have registered for the gem emporium.

—Mawsi (Translated by Zaw Htet Oo)


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